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2020 (6) TMI 427 - AT - Income TaxDeduction u/s. 80IC - Claim for 8th Year from the initial assessment year - substantial expansion having been made in the Plant & machinery within the specified period as provided in the Act and having fulfilled all the condition for claiming deduction @ 100% for further 5 years the appellant had claimed deduction U/s. 80IC for which Audit report in Form No 10CCB was also furnished - HELD THAT:- Since the appeal of the assessee is covered by its own order by the judgment of the Tribunal in A.Y. 2013-14 and the ld. CIT(A) allowed the appeal of the assessee as accepted the claim of the appellant and has allowed Deduction @ 100% u/s 80IC Book profit u/s 115JC - set off of tax credit u/s 115JD for tax paid in earlier year on book profit - HELD THAT:- We direct the Assessing Officer to compute the book profit u/s 115JC of the Act and allow the set off of tax credit u/s 115JD for taxes paid by the assessee in earlier years on book profit in accordance with law. Statistical purposes the additional grounds raised by the assessee is allowed. Order is being pronounced after 90 days of hearing - HELD THAT:- Taking note of the extraordinary situation in the light of the Covid-19 pandemic and lockdown, the period of lockdown days need to be excluded. For coming to such a conclusion, we rely upon the decision of the Co- ordinate Bench of the Mumbai Tribunal in the case of JSW Limited [2020 (5) TMI 359 - ITAT MUMBAI]
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